Want China Times
Business leaders in Taiwan said Tuesday that a moderate depreciation of the Taiwan
dollar will help the nation’s exports after the currency tumbled that day.
China’s depreciation of its yuan triggered a wave of Asian currency falls Tuesday, with the Taiwan dollar shedding NT$0.320 to close at NT$32.080 against the US dollar.
Both Tsai Lien-sheng, secretary-general of the Chinese National Federation of Industries, and Lai Cheng-yi, head of the General Chamber of Commerce of the Republic of China, said the depreciation of the Taiwan dollar will be helpful to the country’s exports. [FULL STORY]